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Brent crude jumps over 4% to $79 on new Iran tensions
🇵🇾 Paraguay /Energy & Infrastructure

Brent crude jumps over 4% to $79 on new Iran tensions

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News From a news agency New plan
  • Brent crude oil futures rose over 4% to $79 per barrel on Monday due to renewed tensions in Iran and the Strait of Hormuz.
  • U.S. forces launched a new offensive against Iran on Sunday to degrade its ability to attack commercial vessels in the Strait of Hormuz.
  • The U.S. military stated the attacks were ordered by President Donald Trump in retaliation for a prior Iranian attack on a Cypriot-flagged vessel.

Brent crude oil futures surged over 4% on Monday, reaching $79 per barrel amid escalating tensions involving Iran and the Strait of Hormuz. The benchmark European crude saw a significant revaluation, climbing 4.21% to $79.21 by 07:00 GMT.

This price jump follows a new offensive launched by U.S. forces on Sunday. The U.S. Central Command (Centcom) announced the operation aimed to further diminish Iran's capacity to launch attacks against commercial shipping in the critical Strait of Hormuz.

President Donald Trump ordered the strikes, according to the military, as a reprisal for an earlier Iranian attack on a commercial vessel sailing under the Cypriot flag through the strait. The U.S. stated the response is intended to ensure the free passage of maritime traffic.

Trump, in a Sunday interview with NBC, asserted that the waterway remains open to commercial traffic, despite Iran's earlier announcement of a blockade. He described Iranian forces as "very, very evil and sick people" and declined to provide details on ongoing negotiations for a ceasefire.

DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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